BlackRock’s spot Bitcoin ETF IBIT rises nearly 6% with $300M in daily inflows

BlackRock’s iShares Bitcoin Trust (IBIT) surged nearly 6% on the day, fueled by roughly $300 million in daily net inflows. The numbers behind the dominance On August 27, the fund pulled in $277.6 million in net inflows, a figure that actually exceeded the entire US spot Bitcoin ETF category’s net inflow of $242 million for that same day. That math only works because competing funds experienced outflows, meaning IBIT was not just winning the race but lapping the field while other runners stumbled backward. The pattern repeated on September 2, when IBIT attracted $115.4 million. That came a day after the broader category posted a $236.5 million outflow, making the rebound even more notable. The category’s total for September 2 landed at $101.1 million in net inflows, with IBIT doing more than all the heavy lifting. August as a whole was a strong month across the board, with total category inflows reaching approximately $3.5 billion. IBIT captured somewhere between 70% and 90% of total flows during peak periods. The fund’s assets under management now sit at an estimated $60 billion, with cumulative net inflows since its January 2024 launch exceeding $63 billion. The entire US spot Bit...